NASHVILLE - Bigger! Better! More! The Tennessee Lottery’s “new” Powerball game launches on January 15, 2012 and will feature bigger jackpots, better odds and is expected to create more million-dollar winners.
December 14 begins the “rolldown” towards that launch, the necessary process of steadily reducing the number of consecutive drawings a player may purchase at one time. This Wednesday will be the last day to purchase a multi-draw Powerball ticket for 10 consecutive drawings. After the December 14 Powerball drawing, the number of multi-draws players can purchase will decrease by one after each drawing occurs through January 14, 2012. Once the “new” Powerball begins on January 15, players will again be able to purchase a multi-draw ticket for 10 consecutive drawings.
“There has been great excitement and anticipation over the launch of the ‘Bigger, Better, More’ Powerball game,” said Rebecca Hargrove, President and CEO of the Tennessee Lottery. “With the start of the rolldown, we’re pleased to officially begin the process that will take us to the start of the new game.”
Powerball is a popular drawing-style lottery game sold in 44 jurisdictions across the United States. Since the game’s launch in Tennessee in April 2004, Powerball players in the state have won more than $294.6 million in prizes (as of 11/30/2011).
Details about the redesigned game include:
• Jackpots starting at $40 million rather than $20 million
• Ticket cost of $2
• Better overall odds of winning a prize (going from 1-in-35 to 1-in-32)
• Second highest prize level increases from $200,000 to $1 million
“We think these changes to Powerball will prove highly successful. Players love the larger jackpots and will appreciate the bigger prizes and better odds,” added Hargrove. “At the same time, we’re hopeful that proceeds from the new game will increase the Lottery’s contribution to the scholarship programs we fund.”.
About the Tennessee Education Lottery
The Tennessee Education Lottery Corporation operates entirely from the revenue it generates through the sale of its products. Net proceeds from sales of Lottery tickets, currently averaging over $5 million per week, fund specific education programs, including college scholarships and after-school programs.
Since the Lottery began selling tickets on Jan. 20, 2004, it has raised more than $2.1 billion for these programs. In addition to the educational beneficiaries, players have won $4.9 billion in prizes and Lottery retailer partners have earned $528.3 million in retailer commissions.
For more information, please visit www.tnlottery.com. For information about Lottery-funded scholarships, visit www.collegepaystn.com. To see a county-by-county breakdown of the number of students who benefit, visit www.seehowitaddsup.com.
Powerball drawings are Wednesdays and Saturdays at 10:59 p.m. Eastern Standard Time, 9:59 p.m. Central Standard Time, 8:59 p.m. Mountain Standard Time and 7:59 p.m. Pacific Standard Time. For more information about Powerball please visit www.powerball.com.
Powerball is owned by the Multi-State Lottery Association which is a government-benefit, non-profit association owned and operated by 33 member lotteries. MUSL currently coordinates six multi-state games in the United States.
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